You have to file the T3 return and pay any balance owing no later than 90 days after the trust’s tax year-end. If you do not have all the tax slips required to complete the return by the due date, you should estimate the income. If, after you receive the slips, you find that the estimates were wrong, send the slips and a letter to the CRA requesting an adjustment to the trust’s income.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.